LM Funding is proud to have helped hundreds of Condominium and Homeowner Associations across Florida since 2008. As a publicly traded company with over 14,000 collection events under our belt, we have seen it all. Find out how we can help you too!
LM Funding pays the “Safe Harbor” amount up front and covers all legal fees and costs. LM Funding retains collected interest and late fees and the association receives all recovered assessments. This product is ideal for Associations whose governing documents mirror Florida Statutes 718/720.
LM Funding pays the “Safe Harbor” amount up front and covers all legal fees and costs. Upon collection, LM Funding recovers its funding amount and legal expenses, the remainder of the proceeds are split with the association. This product is ideal for Associations whose governing documents are lacking the full powers provided by Florida Statutes 718/720.
How much does your association attorney charge to file an answer to a bank's foreclosure complaint? Let LM Funding pay this for you! Visit us at LMFunding.com today!
#CashForDelinquencies #COA #condocollections #hoa #homeownerassociation #HOACollections
www.abcactionnews.com/news/local-news/i-team-investigates/floridas-foreclosure-rate-second-highes...
Florida's foreclosure rate second highest in the U.S., filings increase as courts open
www.abcactionnews.com
While some experts say this is different than the Great Recession, others are bracing for another housing crash."In Broward County, single-family home sales in September were 24.9 percent higher than September 2019, and the median sale price rose 15.6 percent to $425,000"
It's starting to look like there is a housing bubble in South Florida. Make sure your association is budgeting accordingly.
bit.ly/2HL3OVE
#CashForDelinquencies #COA #CondoCollections #HOA #HomeownerAssociation #HOACollections
www.sun-sentinel.com
Florida's housing market has been booming for most of 2020, but there are signs it's slowing down as agents worry a real...Could your association use a little more cash? Take Oprah’s advice and give us a call! We provide associations with non-recourse funding at the beginning of every collection. Visit our website to learn more!
lmfunding.com/
#CashForDelinquencies #COA #CondoCollections #HOA #HomeownerAssociation #HOACollections
Is your association conducting its elections properly? Take a look at our guide to COA/HOA Elections and let us know what questions you have! lmfunding.com/a-guide-to-the-florida-condo-and-homeowner-association-election-process/
#CashForDelinquencies #COA #hoa #hoaelections #coaelections
Here are some spooktacular tips for decorating in your community!
#CashForDelinquencies #COA #condocollections #hoa #homeownerassociation #HOACollectionsShare these tips with your residents and enjoy a safe and spooky #Halloween. bit.ly/3nGWwTc
All it takes is an email to Referrals@LMFunding.com to get started! Learn more at LMFunding.com/referralprogram
#CashForDelinquencies #COA #hoa #referralprogram
Don't settle for a standard collection model. Switch over to LM Funding!
#CashForDelinquencies #COA #condocollections #hoa #homeownerassociation #HOACollections
When was the last time you saw your collection policy? Click on the link to see out most recent article about the importance of a collection policy in your association.
lmfunding.com/why-a-collection-policy-is-vital-for-homeowner-and-condo-associations/
#CashForDelinquencies #COA #condocollections #hoa #homeownerassociation #HOACollections #CollectionPolicy
When was the last time you saw your collection policy? Click on the link to see our most recent article about the importance of a collection policy in your association.
Are you ready to get some help that doesn't cost you an arm and a leg? See what it's like to be in the LM Funding family!
#CashForDelinquencies #COA #condocollections #hoa #homeownerassociation #HOACollections
www.sun-sentinel.com/news/crime/fl-ne-broward-attorneys-fraud-scheme-20201007-orybgi6bmnhttpmmpcz...
Broward attorneys face charges in scheme to steal foreclosure surplus checks
www.sun-sentinel.com
The attorneys, Rashisa Overby and Ria Sankar-Balram, worked with Illya and Patricia Tinker, a married couple nicknamed ...Batman is right! LM Funding pays the legal fees to collect no matter the outcome!
#CashForDelinquencies #COA #condocollections #hoa #homeownerassociation #HOACollections
LM Funding has been nominated for another Reader's Choice Award! We are so proud to be a part of this great community! Please click on the link and give us a vote if you haven't already!
#CashForDelinquencies #COA #hoa #readerschoiceawards #flcaj
Want to change how your association collects delinquent assessments but don't know where to start? It only takes 4 steps with LM Funding!
#CashForDelinquencies #COA #condocollections #hoa #homeownerassociation #HOACollections
Did you know a board member cannot serve for more than 8 consecutive years? bit.ly/3nopHKA
Association elections are on the horizon and we know you have questions. Give our South Florida Market Director James Gonzalez a call (954) 248-0258. As an Ombudsman he knows everything there is to know about association elections.
#CashForDelinquencies #COA #condocollections #hoa #homeownerassociation #HOACollections #assocaitionelection #coaelection #hoaelection
The revised economic outlook shows we might not be pulling out of this recession as quickly as we all hoped (on.mktw.net/36AjQfm). As budget season comes around make sure you are taking this into account!
#CashForDelinquencies #COA #condocollections #hoa #homeownerassociation #HOACollections
"I did not realize how much we were paying for our attorney because the bills were "deferred". Come to find out, we were paying more in legal fees than we actually collected on many accounts. LM Funding has eliminated legal fees from our budget and provided us with needed cash flow as soon as accounts go delinquent. Being a volunteer board member is still tough, but I can assure you the help from LMF is much appreciated!" Scott Davis, President of Pod 10 at Monarch Lakes Homeowner Association.
#CashForDelinquencies #COA #CondoCollections #HOA #HomeownerAssociation #HOACollections
Layoffs are still occurring everywhere. Keep a close eye on your community.
#CashForDelinquencies #COA #condocollections #hoa #homeownerassociation #HOACollections
Disney to lay off 28,000 workers, exec says California ‘exacerbated’ pandemic’s effects
www.marketwatch.com
The massive job reduction was the most eye-opening among several severe cost-cutting measures made by Disney, which has ...A property manager is often the lynchpin that holds a community together. Make sure to do your research before choosing one. Feel free to give us a call if you need help or have any questions!
#CashForDelinquencies #COA #condocollections #hoa #homeownerassociation #HOACollections
Former Turnberry Reserve property manager arrested on fraud-related charges
www.wftv.com
The former property manager of a troubled homeowners association was arrested for the second time on Thursday following ...LM Funding updated their info in the about section.
We are proud to welcome Paradise Gardens II into the LM Funding family!
#CashForDelinquencies #COA #condocollections #hoa #homeownerassociation #HOACollections
Could you use an extra $500? LM Funding's Referral Program is here to help! It's as easy as these three steps,
1. Send an email to Info@LMFunding.com introducing us to the association.
2. We close the deal and start working on at least 3 delinquent units.
3. Pick what color jet ski you want because a $500 check is on its way to your house.
Go to our website to learn more! lmfunding.com/referralprogram/
#CashForDelinquencies #COA #condocollections #hoa #homeownerassociation #HOACollections
Inital unemployment claims are on the rise again nyti.ms/362u1cf. Keep a close eye on your budget and watch for rising delinquencies. #CashForDelinquencies #COA #condocollections #hoa #homeownerassociation #HOACollections
lmfunding.com/2020/09/22/4452/
Take a look at our most recent article explaining why equity and home values are on the rise!
#CashForDelinquencies #COA #condocollections #hoa #homeownerassociation #HOACollections
Miami-Dade, Duval, Broward, and Palm Beach county all make the top 10 list for most foreclosures in the U.S. right now according to Attom Data bit.ly/3kFtiSs. With foreclosure moratoriums starting to ease it’s important to stay vigilant in your community to insure you aren’t inundated with bank foreclosures. You can search for bank foreclosure by going to your county’s online official records site.
#CashForDelinquencies #COA #CondoCollections #HOA #HomeownerAssociation #HOACollections
Learn how LM Funding revolutionized the association collection process!
#CashForDelinquencies #COA #condocollections #hoa #homeownerassociation #HOACollections
Attom Data is reporting that Foreclosures are starting to trend back up! bit.ly/3hBRzXp
Make sure your association is prepared by giving us a call before it's to late!
#CashForDelinquencies #COA #condocollections #hoa #homeownerassociation #HOACollections
The National Multifamily Housing Council just released that there has been a 4.8% drop in people paying rent this month. Here is the link for the article. bit.ly/2GTcqsz Delinquent assessments often track missed rent payments. Make sure your association is protected with a good collection policy.
#CashForDelinquencies #attorneybilling #COA #condocollections #hoa #homeownerassociation #HOACollections
$250 - $450 and hour is the range for most collection attorneys in Florida. Geographic location can affect this. For example, South Florida is traditionally more expensive than Central Florida.
#CashForDelinquencies #attorneybilling #COA #condocollections #hoa #homeownerassociation #HOACollections
“Aggressive” is a term that is always thrown around. Strategic is always better than aggressive.
#CashForDelinquencies #AttorneyBilling #COA #CondoCollections #HOA #HomeownerAssociation #HOACollections
YOU! There is no one to pass the bill to.
#CashForDelinquencies #attorneybilling #COA #condocollections #hoa #homeownerassociation #HOACollections
Mediation can be effective, as well as court ordered in some cases. Be aware that you will be paying both the attorney and mediator on an hourly basis. Keep an eye on the clock. Using a county mediator is often cheaper than a private one.
#CashForDelinquencies #attorneybilling #COA #condocollections #hoa #homeownerassociation #HOACollections
Most attorneys will require a cost deposit of $500 - $750 before filing a foreclosure complaint. This money is to pay for the filing fees charged by the court plus process server costs. They are traditionally hard costs that the attorney would otherwise have to pay out of pocket.
#CashForDelinquencies #attorneybilling #COA #condocollections #hoa #homeownerassociation #HOACollections
Each collection amount should be a separate billing file. No two collection fees and costs should be comingled. General Counsel work should be separate from collection cases.
#CashForDelinquencies #attorneybilling #COA #condocollections #hoa #homeownerassociation #HOACollections
Yes. This is a real risk to hiring a collection attorney.
#CashForDelinquencies #attorneybilling #COA #condocollections #hoa #homeownerassociation #HOACollections
With rare exceptions, an attorney working hourly will likely bill to both set up and monitor a payment plan until complete.
#CashForDelinquencies #attorneybilling #COA #condocollections #hoa #homeownerassociation #HOACollections
Yessss
The plan for taking ownership and monetizing it should be in place before filing a foreclosure. Once you own a property you can attempt to sell or rent it depending on the circumstances. Not having a plan in advance can be a potential concern with an “aggressive” attorney.
#CashForDelinquencies #AttorneyBilling #COA #CondoCollections #HOA #HomeownerAssociation #HOACollections
There are many factors to take into consideration when collecting. If you feel your attorney is handling every file in a cookie cutter way, you could potentially be spending more money for subpar results.
#CashForDelinquencies #attorneybilling #COA #condocollections #hoa #homeownerassociation #HOACollections
Keep in mind that you could be paying attorney’s fees for something that is not able to be passed through to the debtor, such as a lien strip.
#CashForDelinquencies #AttorneyBilling #COA #CondoCollections #HOA #HomeownerAssociation #HOACollections
Yes, in most billing models the attorney gets paid in full no matter the outcome.
#CashForDelinquencies #attorneybilling #COA #condocollections #hoa #homeownerassociation #HOACollections
One to six minutes costs 1/10 of an hour. A seven minute call is billed as a .2.
#CashForDelinquencies #attorneybilling #COA #condocollections #hoa #homeownerassociation #HOACollections
Attorneys must zealously advocate for their client’s interests whether billing hourly or flat fee. You should expect the same level of service no matter how you are billed.
#CashForDelinquencies #AttorneyBilling #COA #CondoCollections #HOA #HomeownerAssociation #HOACollections
Keep an eye out for monthly recurring charges for actions like court docket reviews and cashing owners' payments.
#CashForDelinquencies #attorneybilling #COA #condocollections #hoa #homeownerassociation #HOACollections
A deferred model simply means you will pay at the end, in full. This can cause legal fee creep without the association being aware. Consider asking for detailed monthly statements even if your billing is differed.
#CashForDelinquencies #attorneybilling #COA #condocollections #hoa #homeownerassociation #HOACollections
You should review your association’s financials to see if attorney billing is being split into two accounts. General legal and Collections should be accounted for separately. Courts may allow collection fees and costs to be billed to delinquent owners if accurate records are kept.
#CashForDelinquencies #AttorneyBilling #COA #CondoCollections #HOA #HomeownerAssociation #HOACollections
See what it's like to be part of the LM Funding family!
#CashForDelinquencies #COA #condocollections #hoa #homeownerassociation #HOACollections
Wouldn't you like to ask your attorney some questions without receiving a bill? Tune in next week to get them answered for free!
